United States Trust Company v. New Jersey (1977) - Revision history

Admin: Admin moved page United States Trust Company v. New Jersey to United States Trust Company v. New Jersey (1977)

2019-10-21T19:51:55Z

Admin moved page United States Trust Company v. New Jersey to United States Trust Company v. New Jersey (1977)

Admin at 01:36, 14 June 2019

2019-06-14T01:36:32Z

Morgannoel18 at 08:26, 28 October 2017

2017-10-28T08:26:23Z

Admin at 20:17, 28 September 2017

2017-09-28T20:17:48Z

Nicole: Created page with "In 1962, the States of New Jersey and New York entered into an agreement that dedicated the tolls collected by the Port Authority to the repayment of bonds issued by the Autho..."

2017-02-06T17:52:17Z

Created page with "In 1962, the States of New Jersey and New York entered into an agreement that dedicated the tolls collected by the Port Authority to the repayment of bonds issued by the Autho..."

New page

In 1962, the States of New Jersey and New York entered into an agreement that dedicated the tolls collected by the Port Authority to the repayment of bonds issued by the Authority. However, when a gasoline shortage hit the United States in the 1970s, the legislatures of the 2 states in 1974 retroactively repealed the agreement in order to provide greater revenue for mass transit. The United States Trust Company, which was a trustee for and holder of Authority bonds, brought suit challenging the repeal. In 1977, the U.S. Supreme Court struck down the repeal as an unconstitutional impairment of a contract. The decision in ''United States Trust Company v. New Jersey'' marks a rare use of the Contract Clause to invalidate state action since ''Home Building and Loan v. Blaisdell'' was decided in 1934.

==== Robert W. Langran ====

SEE ALSO: [[Contract Clause]]; [[Dartmouth College v. Woodward]]; [[Fletcher v. Peck]]; [[Home Building and Loan v. Blaisdell]]; [[Stone v. Mississippi]]

← Older revision		Revision as of 01:36, 14 June 2019
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−	In 1962, the States of New Jersey and New York entered into an agreement that dedicated the tolls collected by the Port Authority to the repayment of bonds issued by the Authority. However, when a gasoline shortage hit the United States in the ~~1970s~~, the legislatures of the 2 states in 1974 retroactively repealed the agreement in order to provide greater revenue for mass transit. The United States Trust Company, which was a trustee for and holder of Authority bonds, brought suit challenging the repeal. In 1977, the U.S. Supreme Court struck down the repeal as an unconstitutional impairment of a contract. The decision in ''United States Trust Company v. New Jersey'' marks a rare use of the Contract Clause to invalidate state action since ''Home Building and Loan v. Blaisdell'' was decided in 1934.	+	In 1962, the States of New Jersey and New York entered into an agreement that dedicated the tolls collected by the Port Authority to the repayment of bonds issued by the Authority. However, when a gasoline shortage hit the United States in the 1970's, the legislatures of the 2 states in 1974 retroactively repealed the agreement in order to provide greater revenue for mass transit. The United States Trust Company, which was a trustee for and holder of Authority bonds, brought suit challenging the repeal. In 1977, the [[Supreme Court of the United States\|U.S. Supreme Court]] struck down the repeal as an unconstitutional impairment of a contract. The decision in ''United States Trust Company v. New Jersey'' marks a rare use of the [[Contract Clause]] to invalidate state action since ''[[Home Building and Loan v. Blaisdell]]'' was decided in 1934.

	==== Robert W. Langran ====		==== Robert W. Langran ====

← Older revision		Revision as of 20:17, 28 September 2017
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	SEE ALSO: [[Contract Clause]]; [[Dartmouth College v. Woodward]]; [[Fletcher v. Peck]]; [[Home Building and Loan v. Blaisdell]]; [[Stone v. Mississippi]]		SEE ALSO: [[Contract Clause]]; [[Dartmouth College v. Woodward]]; [[Fletcher v. Peck]]; [[Home Building and Loan v. Blaisdell]]; [[Stone v. Mississippi]]
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		+	[[Category:Supreme Court Cases]]

← Older revision	Revision as of 19:51, 21 October 2019
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 ==== Robert W. Langran ====
 SEE ALSO: [[Contract Clause]]; [[Dartmouth College v. Woodward]]; [[Fletcher v. Peck]]; [[Home Building and Loan v. Blaisdell]]; [[Stone v. Mississippi]]
 [[Category:Supreme Court Cases]]